November 09, 2011

Europe's next nightmare

As if the economic ramifications of a full-blown Greek default were not terrifying enough, the political consequences could be far worse. A chaotic eurozone breakup would cause irreparable damage to the European integration project, the central pillar of Europe’s political stability since World War II. It would destabilize not only the highly-indebted European periphery, but also core countries like France and Germany, which have been the architects of that project.

Rosetta Stone
On October 4, 2010, Williams announced that he was stepping down as CEO. Dick Costolo, formerly Twitter's chief operating officer, became CEO. According to a Twitter blog, dated October 4, 2010, Williams was to stay[dated info] with the company and "be completely focused on product strategy."

I must agree that the risks of a Greek default affecting eurozone and consequently the global economy is inevitable, given the exposure leading European banks have throughout the country and the share of the world economy the eurozone demands.
Valen from http://ameriloansearch.com/

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